300 Stewart Avenue Corporation

Analysis

300 Stewart Avenue Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 300 Stewart Avenue Corporation reported income of $6.5m and spending of $10.0m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 300 Stewart Avenue Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include Figge Art Museum ($6.5m), Grandview Preparatory School Inc ($6.5m) and Galveston Historical Foundation Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $557k (5.6% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $88.0m against liabilities of $51.0m, net assets of $37.0m. It reported 257 employees.